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The Argentina ace, 22, has agreed to stay at the Vicente Caldron for a further two years until June 2014.

The striker, who has been with the Spanish outfit since 2006, was linked with a move to the Premier League champions over the summer.

But Aguero insists he is happy to continue his career at Atletico, where he won the Europa League title last season and has gone on to lift the European Super Cup.

Making progress

The Argentinean told his official website that he wanted "to continue making progress with the club".

He added: "This is not merely putting a signature on a contract.

"It's also about renewing a commitment to the club at which I arrived when I was only 18 years old and I have been with for almost five years."

The club added on their website that securing Aguero was part of a policy of continuity that has also seen striker Diego Forlan and winger Jose Antonio Reyes recently extend their deals.

Aguero has scored 13 goals in all competitions this term for Atletico, who are currently sixth in the La Liga standings, but have already been knocked out of this season's Europa League at the group stage.